516 Vesta Dr
Forest Hill South, Toronto, Ontario M5P 3A8
- Bedrooms
- 4+1
- Bathrooms
- 6
- Size
- 3,500–5,000sq ft
- Per sq ft
- $1,176at the range’s middle
- Lot
- 37.72 x 232.24 ft
- Tax a year
- $30,1942025 tax year
- Built
- New
- Parking
- 61 built-in
- Days on market
- Members
The brief
About 516 Vesta Dr
516 Vesta Dr is a 4+1-bedroom, 6-bathroom detached house in Forest Hill South, Toronto, listed for sale at an asking price of $4,999,000 (MLS® C13849628).
**A MASTERPIECE OF CUSTOM CRAFTSMANSHIP WITH EXPANSIVE GROUND** An extraordinary Lorne Rose creation showcasing timeless architecture, exceptional craftsmanship and luxurious finishes. From the natural stone exterior with limestone detailing to the soaring ceilings, spectacular custom kitchen and extensive millwork, every detail has been thoughtfully designed. The main floor features a porcelain-tiled foyer, high ceilings, circular staircase, custom-trimmed living room with built-ins and integrated speaker system, plus a sophisticated office with wood panelling and storage. The elegant dining room boasts a vaulted ceiling, pot lights and custom cabinetry, flowing into a butler's pantry with wine fridge. The spectacular custom kitchen features marble and granite countertops, custom marble backsplash, built-in refrigerator and freezer, extensive cabinetry and built-ins. A beautiful walkout opens to the expansive backyard, surrounded by mature trees and professionally designed landscaping. Upstairs, the spacious primary retreat features custom built-ins, backyard views and a luxurious 5-piece ensuite with two separate vanities, soaker tub and private water closet. Bedroom 2 offers a 4-piece ensuite with porcelain tile, while additional bedrooms are served by beautifully appointed bathrooms. A convenient second-floor laundry completes the level. The finished basement offers incredible versatility with a hardwood-floored recreation room, built-in cabinetry, refrigerator, gym, powder room, cold cellar/utility area and storage. A private nanny/guest suite includes a bedroom with built-in storage, closet and full bathroom. Walk out to the exterior or access the garage directly from the basement and mudroom. Outside, enjoy an expansive backyard and oversized side yard with mature landscaping, traditional wood gates and doors, and exceptional potential for outdoor living. The single-car garage with walkout to a garden area adds convenience.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$20,323/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 126 detached homes with 5 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $30,194 / 2025
- MLS® number
- C13849628
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- New
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 37.72 x 232.24 ft
- Listed on
- Parking
- 1 Built-In, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Forest Hill South
- Municipality
- Toronto
Building
- Size
- 3500-5000 sqft
- Building Age
- New
- Construction
- Stone
Inside
- Bedrooms
- 4+1
- Bathrooms
- 6
- Bathroom Details
- 2 × 5pc, 2 × 2pc, 2 × 4pc
- Basement Type
- Finished with Walk-Out
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 5
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 37.72 ft
- Depth
- 232.24 ft
- Lot Size
- 37.72 x 232.24 ft
Additional
- Foundation
- Other
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All existing appliances, all existing light fixtures, all existing high end furniture, all window coverings.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.96 × 4.15 m | hardwood floor, Bay Window, Combined W/Dining | Ground |
| Dining | 3.96 × 4.88 m | hardwood floor, Pantry, Vaulted Ceiling | Ground |
| Kitchen | 3.99 × 8.53 m | hardwood floor, Breakfast Area, Walk-Out | Ground |
| Family | 5.0 × 6.16 m | hardwood floor, B/I Bookcase, Fireplace | Ground |
| Office | 3.41 × 4.57 m | hardwood floor, Panelled | Ground |
| Primary | 5.06 × 5.49 m | W/I Closet, Fireplace, 5 Pc Ensuite | 2nd |
| 2nd Br | 3.57 × 3.96 m | hardwood floor, Closet, 4 Pc Bath | 2nd |
| 3rd Br | 3.84 × 4.66 m | hardwood floor, Closet, Semi Ensuite | 2nd |
| 4th Br | 3.66 × 3.9 m | hardwood floor, Closet, Semi Ensuite | 2nd |
| Rec | 4.62 × 12.24 m | hardwood floor, Walk-Out | Bsmt |
| 5th Br | 1.0 × 1.0 m | — | Bsmt |
Listing history
Buy/sell history for 516 Vesta Dr, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $4,999,000 | N/A | Pc | C13849628 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $999,800
- Total mortgage amount
- $3,999,200
- Total interest payment
- $2,842,900
- Total purchase cost
- $7,841,900
- Mortgage payment
- $22,807/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
91%Monthly carrying cost
$25,323- Rent $5,000
- Shortfall $20,323
Rental income opens at $5,000, the median asking rent of 126 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $111,450
- Toronto municipal land transfer tax
- $141,430
- Total land transfer tax
- $252,880
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $244,405
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $4,999,000
- $74,975
- Ontario total
- $111,450
Toronto’s municipal tax has its own higher brackets at this price, so it adds $141,430.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 37.72 ft11.5 m
- Depth
- 232.24 ft70.8 m
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m8 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (231 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 43 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 4.3 km4.3 km
- Mapped parcel: about 8,960 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RD (f18.0; d0.65) (x1321)By-law
569-2013Municipality
Toronto1 f18.0
Frontage: at least 18.0 m.
2 d0.65
Density: floor area is capped at 0.65 times the lot area.
3 x1321
Site-specific exception 1321: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013 · Exception 900.3.10(1321)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
1 building permit cleared at this address in the City’s file.
New BuildingClosed
Proposal to construct a new 2 sty SFD. See PAL 07 109338, Demo 07 247309, and C.O.A - A0202/07TEY. (Also see 514 Vesta BLD & Demo 07 244088)
Issued August 31, 2007
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
515 CHAPLIN CRESSite planUnder Review
INACTIVE The subject property contains two 8 storey residential apartment buildings that are linked by a below grade garage. The proposal is to construct an addition to the southern building (515 Chaplin) by adding 69 new units to the southeast end in an area of the site that contains a surface parking lot. There would be 18 existing rental units demolished and replaced by 18 new rental units plus an additional 69 rental units. The current building contains 221 units and the total unit count after construction would be 290 units. The proposed building height is 13 storeys with the roof being used for a mechanical penthouse and outdoor amenity area.
480 m away525 CHAPLIN CRESSite planUnder Review
INACTIVE The subject property contains two 8 storey residential apartment buildings that are linked by a below grade garage. The proposal is to construct an addition to the southern building (515 Chaplin) by adding 69 new units to the southeast end in an area of the site that contains a surface parking lot. There would be 18 existing rental units demolished and replaced by 18 new rental units plus an additional 69 rental units. The current building contains 221 units and the total unit count after construction would be 290 units. The proposed building height is 13 storeys with the roof being used for a mechanical penthouse and outdoor amenity area.
530 m away523 A EGLINTON AVE WSite planUnder Review
Proposal for a 7-storey mixed-use building having a non-residential gross floor area of 348.84 square metres, and a residential gross floor area of 3972.82 square metres. A total of 35 residential dwelling units are proposed on the lot.
620 m away521 EGLINTON AVE WSite planUnder Review
Proposal for a 7-storey mixed-use building having a non-residential gross floor area of 348.84 square metres, and a residential gross floor area of 3972.82 square metres. A total of 35 residential dwelling units are proposed on the lot.
620 m away515 EGLINTON AVE WSite planUnder Review
Proposal for a 7-storey mixed-use building having a non-residential gross floor area of 348.84 square metres, and a residential gross floor area of 3972.82 square metres. A total of 35 residential dwelling units are proposed on the lot.
630 m away509 EGLINTON AVE WSite planUnder Review
Proposal for a 7-storey mixed-use building having a non-residential gross floor area of 348.84 square metres, and a residential gross floor area of 3972.82 square metres. A total of 35 residential dwelling units are proposed on the lot.
640 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Forest Hill South right now
- For sale now
- 47
- Median asking price
- $5.66M
- New in 7 days
- 4
- Price cuts
- 9%
Middle half: $4M to $10.1M
20 in 28 days
4 listings
This home is asking 12% below the median.
See all homes in Forest Hill SouthAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Chaplin Station | TTC light rail: Line 5 Eglinton | 350 m |
| Forest Hill Station | TTC light rail: Line 5 Eglinton | 400 m |
| Avenue Station | TTC light rail: Line 5 Eglinton | 1 km |
| Cedarvale Station | TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton | 1.2 km |
| Glencairn Station | TTC subway: Line 1 Yonge-University | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| North Preparatory Junior Public SchoolToronto DSB | Public · grades JK–6 | 500 m | 70%Grade 6 average |
| Forest Hill Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 900 m | 93%Grade 6 average |
| Our Lady of the Assumption Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.9 km | 59%Grade 6 average |
| ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 3.8 km | 60%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Forest Hill Collegiate InstituteToronto DSB | Public · grades 9–12 | 200 m | 60%Grade 9 math |
| Marshall McLuhan Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 1.1 km | 59%Grade 9 math |
| North Toronto Collegiate InstituteToronto DSB | Public · grades 9–12 | 2.2 km | 80%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 5.6 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Forest Hill South are shown to signed-in members.